Finance News & Insights

Another one! Feds update regular rate of pay rules too

Your payroll staffers are going to be busier than usual! The Department of Labor (DOL) just announced it’s updating the Fair Labor Standards Act regs that control the regular rate of pay. [Read more…]

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It’s almost intern season! Keys to keep your company in compliance

Spring is here and along with new flowers you’ll soon see some new faces around the office. It’s intern time for many companies as college students are out for the summer and look to build their resume. [Read more…]

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New OT salary threshold released: Here’s the new number

It’s finally here! After years of waiting and more than 200,000 public comments, the Department of Labor (DOL) just released the proposed rules overhauling the federal overtime system. [Read more…]

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The $1.2 million pay mistake this company made

If your company pays any employees for two different types of work, be extra careful: That opens the door for pay mistakes that can be expensive. [Read more…]

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New overtime rules coming up fast: Your best ways to prepare now

Get ready: Your company will soon be working with a new salary threshold for overtime eligibility. [Read more…]

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The ‘common’ Payroll mistake that cost this company $165-plus

Even if the DOL acknowledges a company made a minor, “common” mistake regarding overtime calculations, it doesn’t mean the agency will let that company off the hook. [Read more…]

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No joke: If you violate FLSA, feds could stop your product shipments

CFOs are well aware of the common DOL actions for wage-and-hour violations: costly fines, penalties and extra work in the form of policy revisions, added training and compliance checks. But finance chiefs may be surprised to find some of the other tactics the feds can employ. [Read more…]

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4 pay practices that could put your company in legal danger

With the DOL poised to release a new set of changes to the overtime rules in the near future, employers’ pay practices will no doubt be under the microscope. [Read more…]

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Ex-DOL admin offers alarming preview of what could happen with new OT rule

While the majority of industry experts expect the DOL to create a new overtime rule that sets the salary threshold somewhere in the $33K ballpark, there’s at least one person who sees a scenario where employers will have to comply with the originally proposed $47K threshold. And there’s good reason to take what she says very seriously.  [Read more…]

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Court’s pro-employer pay verdict contradicts other key rulings: What it means for Finance

 

Rounding nonexempt employees’ hours for pay purposes has always been a risky practice, and the feds have been cracking down on many firms that employ this practice. But does that mean you should avoid rounding altogether? [Read more…]

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